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2 Vintage Bitcoin Wallets From 2011 Spring to Life, Moving $4.7 Million in BTC

2 Vintage Bitcoin Wallets From 2011 Spring to Life, Moving .7 Million in BTCOver the past day, bitcoin has been hovering just under the $64,000 mark, while two wallets, which had been inactive for more than 13 years, suddenly moved 75 bitcoin worth $4.7 million. These transactions are particularly notable as they mark the only activity from 2011 this month, making them a rare occurrence amid the increasingly […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

History of Crypto: Crippling inflation, rising debt, and the evolving crypto landscape

The 2022–2023 period saw several bad actors wiped from the cryptocurrency industry, none bigger than FTX’s Sam Bankman-Fried.

The cryptocurrency market took a beating in 2022, falling more than 70% during a time when the industry made headlines around the world for all the wrong reasons — from FTX’s bankruptcy and Sam Bankman-Fried’s arrest to the $50 billion collapse of the Terra ecosystem.

The United States also saw inflation hit a 40-year high as the country’s national debt figure continued to rise.

But it wasn’t all doom and gloom. In September 2022, Ethereum made the long-awaited transition to a proof-of-stake network, and Bitcoin’s hash rate increased threefold throughout the year. The market also rebounded strongly in 2023.

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MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin